By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators….
By Daphne Psaledakis and Maya Gebeily WASHINGTON/BEIRUT (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday intended to bar the American government from recognizing Bashar al-Assad as Syria’s president and to enhance Washington’s ability to impose sanctions – a warning to other countries normalizing relations with Assad. The bill, first reported by…
By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives committee on China’s Communist Party and other lawmakers on Thursday raised “deep concern” and sought answers over reports Chinese-owned short video app TikTok censored an account that posted content from a film about pro-democracy Hong Kong tycoon Jimmy Lai. Representative Mike Gallagher…
By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on Wednesday while testifying at a U.S. Senate committee hearing on making it more affordable. PBMs negotiate with drugmakers for rebates and lower fees on behalf of employers and other clients,…
(Reuters) – Twitter Inc on Thursday allowed users who subscribe to its Blue verification feature an early access to its encrypted messaging service. The social media platform, owned and run by Tesla CEO Elon Musk, said the service was now available to verified users who have the latest version of the app installed. A Twitter…
By Nate Raymond and Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday overturned the bribery conviction of Joseph Percoco, an ex-aide to Democratic former New York Governor Andrew Cuomo, in a ruling that further limits the ability of federal prosecutors to pursue corruption cases. The justices ruled 9-0 in favor of Joseph Percoco, Cuomo’s…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – Lawmakers accused the Pentagon on Thursday of effectively undermining war crimes prosecution of Russia by blocking the sharing of U.S. military intelligence with the International Criminal Court at the Hague. U.S. Senator Dick Durbin, a Democrat, said at Senate hearing that he had been told by…
(Reuters) -Billionaire investor Carl Icahn came under pressure again on Thursday as short seller Hindenburg Research began shorting bonds in Icahn Enterprises LP (IEP) and said Icahn’s firm has failed to address every key issue it had raised. Hindenburg’s latest move comes after IEP reported a surprise loss on Wednesday and said it was contacted…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender BlockFi received court permission on Thursday to return $297 million to customers with non-interest-bearing accounts, without repaying customers who had tried to move funds into those accounts at the last minute. U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey ruled that customers owned their…
By Laurie Chen BEIJING (Reuters) – Teresa Xu did not anticipate that five years after she was denied an egg-freezing treatment at a Beijing hospital for being unmarried, her subsequent lawsuit would be at the centre of a debate over reproductive rights in China. Xu, 35, first lodged the claim against the Beijing Obstetrics and…
